Net Profit of Shine Resunga Devt Bank Increases 31%

Jan 27, 2019 Merolagani

The net profit of Shine Resunga Development Bank (SHINE) has increased by 31.43 percent to Rs 199 million in the second quarter of the current FY. In the corresponding period of the last FY, the net profit was Rs 151.4 million.

In the review period, the company collected deposit of Rs 16.10 billion and extended loan of Rs 14.52 billion. The bank that earned Rs 409.9 million in net interest income earned total interest income of Rs 1.07 billion and spent Rs 597.5 million in interest expenses.

The bank has paid-up capital of Rs 1.62 billion and reserve fund of Rs 530.4 million.

The bank has maintained EPS of Rs 24.53, net worth per share of Rs 132.69, P/E ratio of 9.74 times and bad debt of 0.17 percent.

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